CRC: 2Q20 Earnings Will Be the Bottom Quarter
We expect CRC’s earnings should recover from 3Q20E onwards given reopening all department stores in 18 May. We maintain our BUY rating with the...
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The Week That Was in ASEAN@Smartkarma - Indonesian Staples, Thai M&A, and SEA's E-Conomy
This past week's offering of Insights across ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive and actionable...
305 Views
ESG and IPOs: Pre-IPO ESG Research with Central Retail as a Case Study
The intersection of ESG and initial public offerings is a treacherous corner in the ESG landscape. ESG is highly material and uniquely relevant to...
357 Views
ESG and IPOs: ESG Affects IPO Investing but Pre-IPO Research Is Scarce
The intersection of ESG and initial public offerings is a treacherous corner in the ESG landscape. ESG is highly material and uniquely relevant to...
725 Views
CRC: Leading Multi-Format Retailer in Thailand
We initiate coverage of CRC with a BUY rating, based on a target price of Bt45.5, which is derived from a DCF methodology (12% WACC, 2% TG). Our...
356 Views